Studzinski and Gulliver share almost £63m in three years

Cost surge dents HSBC investment banking profits

By

Vivek Ahuja

March 6, 2006 5:00 pm GMT

John Studzinski and Stuart Gulliver, co-heads of global corporate, investment banking and markets at HSBC, have seen their combined total compensation hit £62.4m (€90.9m) since taking charge to build the division three years ago.

The highest paid employee at HSBC last year, which sources close to the bank identify as Gulliver, received £10.25m. However this was down by a quarter on the previous year's £13.55m but takes his three-year total to £36.45m.